Thomson Reuters' FXall acquisition raises industry questions
The shock news that Thomson Reuters will acquire institutional foreign exchange trading platform FXall, in a deal valued at $625 million, has led to questions and head-scratching across the industry, as participants struggle to understand the firms' strategy in deciding to come together.
The announcement yesterday painted the acquisition as a mutually beneficial arrangement, which will enhance the two firms' competitive edge across the FX trade cycle. Where Thomson Reuters has long served the
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